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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 8-13-1126 SO AS TO PROVIDE THAT A MEMBER OF THE GENERAL ASSEMBLY WHO IN ANY WAY DERIVES OR RECOGNIZES ANY INCOME, PROFIT, OR OTHER DIRECT MONETARY BENEFIT AS A RESULT OF THE PROVISIONS OF THE FEDERAL PATIENT PROTECTION AND AFFORDABLE CARE ACT (PPACA) SHALL DISCLOSE THIS FACT AND THIS AMOUNT ON HIS OR HER ANNUAL STATEMENT OF ECONOMIC INTEREST FILED WITH THE HOUSE OR SENATE ETHICS COMMITTEE, AND TO PROVIDE PENALTIES FOR VIOLATIONS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 11, Chapter 13, Title 8 of the 1976 Code is amended by adding:
"Section 8-13-1126. (A) A member of the General Assembly who in any way derives or recognizes any income, profit, or other direct monetary benefit as a result of the provisions of the federal Patient Protection and Affordable Care Act (PPACA) shall disclose this fact and this amount on his or her annual Statement of Economic Interest filed with the House or Senate Ethics Committee.
(B) A member of the General Assembly who violates the provisions of this section, in addition to all other penalties provided by law, is guilty of a misdemeanor and, upon conviction, must be fined not more than one thousand dollars or imprisoned not more than one year, or both.
(C) As used in this section, the term 'income, profit, or other direct monetary benefit' does not include medical insurance coverages or savings in medical insurance coverages which a member of the General Assembly or a member of his or her immediate family realizes as a result of their participation in the programs or exchanges created by this federal act."
SECTION 2. This act takes effect upon approval by the Governor.
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